Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $149.00 short put and a strike $144.00 long put offers a potential 55.76% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $149.00 by expiration. The full premium credit of $1.79 would be kept by the premium seller. The risk of $3.21 would be incurred if the stock dropped below the $144.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Adobe is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Adobe is bullish.
The RSI indicator is at 41.02 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Adobe
Cadence (CDNS) Hits 52-Week High on Strong Product Adoption
Thu, 05 Oct 2017 14:05:02 +0000
Cadence (CDNS) is benefiting from strong adoption of products and expanding clientele. New product launches and collaborations will continue to drive momentum.
Citrix's Revamp Plan to Ramp up Business Profile and Growth
Thu, 05 Oct 2017 11:39:11 +0000
Citrix Systems (CTXS) aims to revive through a restructuring program. Apart from doing away with some full-time positions, the program includes consolidation of facilities.
Here's Why Adobe (ADBE) Should Feature in Your Portfolio
Tue, 03 Oct 2017 15:00:03 +0000
Adobe (ADBE) is currently a well-performing technology stock and a rise in share price and strong fundamentals signal its bullish run.
Eight Software Stocks That Would Get A Big Boost From Tax Reform
Tue, 03 Oct 2017 13:32:00 +0000
Credit Suisse’s Michael Nemeroff and his team take a look at the software industry in light of tax reform proposals recently put forth by the Republicans. Out of those, Nemeroff estimates that Ultimate, Intuit, Paycom, and Alarm would see the biggest impact from the lower rate, given their sales exposure to the U.S. market.
Earnings Review and Free Research Report: Adobe Reported Record Revenue, up 26%; EPS Soared 56%
Tue, 03 Oct 2017 11:10:00 +0000
LONDON, UK / ACCESSWIRE / October 3, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Adobe Systems Inc. (NASDAQ: ADBE ), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ADBE …
Also on Market Tamer…
Follow Us on Facebook